Tiger Global Sells Entire Stake in Ather Energy for ₹1,204 Crore

Tiger Global Management, through its investment arm Internet Fund III Pte Ltd, has completely exited its position in Ather Energy, a leading Indian electric two-wheeler manufacturer. The sale involved divesting its entire 5.09% holding, which amounted to over 1.93 crore equity shares. The total proceeds from this transaction are estimated to be around ₹1,204 crore. The shares were offloaded in the open market at prices ranging from ₹620.45 to ₹623.56 per share. This move by Tiger Global, a prominent venture capital firm, signals a complete withdrawal from its investment in Ather Energy. The timing of this exit, occurring shortly after Ather Energy's latest funding rounds or potential public offering preparations, raises questions about the investor's outlook on the company's immediate future or strategic portfolio adjustments.

Impact This news indicates a significant exit by a major investor from Ather Energy. While Ather Energy is a private company, such exits can sometimes influence investor sentiment towards the broader electric vehicle sector or other startups in similar growth phases. It might suggest that Tiger Global believes it has achieved its desired returns or is reallocating capital. For investors tracking the EV market, this signals a maturation point or a shift in investor appetite for Ather Energy. Rating: 6/10

Difficult Terms: * **Divested**: Sold or disposed of an asset. * **Open-market transactions**: Buying or selling securities on a stock exchange. * **Equity shares**: Units of stock that represent ownership in a corporation. * **Affiliate**: A company controlled by or under common control with another company. * **Venture capital firm**: A type of private equity firm that provides capital to companies with high growth potential.